Edward J. Richardson Updates REEL Ownership (Amendment 35)
Ticker: RELL · Form: SC 13G/A · Filed: Feb 1, 2024 · CIK: 355948
Complexity: simple
Sentiment: neutral
Topics: insider-ownership, beneficial-ownership, amendment, SEC-filing
Related Tickers: REEL
TL;DR
**Insider Edward J. Richardson updated his REEL ownership, signaling potential shifts in his view.**
AI Summary
Edward J. Richardson, a key insider, filed an SC 13G/A on February 1, 2024, updating his beneficial ownership in Richardson Electronics, Ltd. (REEL) as of December 31, 2023. This amendment, number 35, indicates a change in his holdings or reporting status, which is significant because it provides transparency into the ownership structure of the company and can signal confidence or concerns from a major insider. Investors should note that changes in insider ownership, especially from long-standing figures like Richardson, can influence market perception and stock valuation.
Why It Matters
This filing shows an update to a significant insider's stake in Richardson Electronics, Ltd., which can be a signal of their confidence in the company's future performance.
Risk Assessment
Risk Level: low — This filing is a routine update of beneficial ownership by a long-standing insider and does not inherently present high risk.
Analyst Insight
Investors should monitor future filings from Edward J. Richardson for any significant changes in his beneficial ownership, as these could provide insights into his long-term outlook on Richardson Electronics, Ltd. (REEL).
Key Players & Entities
- Edward J. Richardson (person) — Reporting person and insider of Richardson Electronics, Ltd.
- Richardson Electronics, Ltd. (company) — The subject company whose securities are being reported.
- December 31, 2023 (date) — Date of the event which required the filing of this statement.
- February 1, 2024 (date) — Date the SC 13G/A filing was made.
- Amendment No. 35 (number) — The specific amendment number for this Schedule 13G filing.
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person in this SC 13G/A filing is Edward J. Richardson, as stated under 'Names of reporting persons' on the Schedule 13G cover page.
What is the name of the issuer whose securities are being reported?
The name of the issuer is Richardson Electronics, Ltd., as specified under 'Name of Issuer' on the Schedule 13G.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock, par value $.05 per share, is 763165107, as listed on the Schedule 13G cover page.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as indicated on the Schedule 13G cover page.
Which rule under the Securities Exchange Act of 1934 was checked for this filing?
The box for Rule 13d-1(d) was checked to designate the rule pursuant to which this Schedule is filed, as shown on the Schedule 13G cover page.
Filing Stats: 570 words · 2 min read · ~2 pages · Grade level 10.3 · Accepted 2024-01-31 18:00:48
Filing Documents
- ejr_13g_2024.htm (SC 13G/A) — 44KB
- 0000950170-24-009515.txt ( ) — 45KB
is hereby amended by deleting the same in its entirety and substituting the following in lieu thereof
Item 4 is hereby amended by deleting the same in its entirety and substituting the following in lieu thereof: (a) Includes 2,011,157 (or 98.0%) of the 2,051,488 shares of Class B Common Stock outstanding and convertible on a share for share basis into Common Stock (which shares are beneficially owned by the undersigned as Trustee and sole Beneficiary of the Edward J. Richardson Trust UA January 24, 2001). Also includes 81,301 (0.7%) of the 12,226,953 shares of Common Stock outstanding. (b) Percent of Class *** 14.7% c) Number of shares*** as to which such person has: (i) sole power to vote or to direct the vote 2,092,458 (ii) sole power to dispose or to direct the disposition of 2,052,457 (iii) shared power to dispose or to direct the disposition of 0 *** Of the shares which the Reporting Person has the sole power to vote or direct the vote or dispose or direct the disposition of (i) 2,011,157 shares are Class B Common Stock and (ii) 41,300 shares are Common Stock. Class B Common Stock has 10 votes per share and Common Stock has one vote per share. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. January 31, 2024 Signature /s/ Robert J. Ben, attorney-in-fact for Edward J. Richardson Name Edward J. Richardson